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1979 (1) TMI 61 - MADRAS HIGH COURT
Extract:
.......of the expenditure. There is no such improvement of the asset. The expenditure was only in improving the title of the owner rather than improving the asset as such. There is no scope for deducting this amount under s. 49 or s. 55. The reference is accordingly answered in the negative and in favour of the revenue. There will be no order as to costs.